The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-11
FINANCE and COMMERCE.
HONEY 8 PER CENT, NEW YORK
EXCHANGE Is PREMIUM.
Cotton Qalet- Middling Cotton, Ole
SALES Today, 50
Bales.
APPEAL 0PFICE,

"WEDNESDAY EVENING, august III, 1851.
Money firm at 8 per cent. There
was no session of the stock call board
today. TIE local cotton market Ia
quiet and unchanged; sales, so bales.
The New Orleans market closed STEADY
and of 16c on all grades. August
futures closed steady and of one
point, September Of 2poinis al d the
new crop months of l to. 2 points.
Liverpool spots are firm, improved
demasd; futures easy and advanced
enc point. Spots at New York closed
steady aud declined tc on all grades;
August futures declined II points,
September Q points and the new crop
months 8 to 4 points.
A leading New York cotton circulsr
si the 10th says Of the future market:
with some Irregularities at times
prevailing. the general course Of the
market was toward an easier basis.
The report from the agricultural
bureau proving quits favorable, there
seemed to be want OF confidence,
with some inclination at times to
crowd this market. The offerings,
however, found pretty good sale at a
shrinkage Of 61 points. August
dropped 10 points against under pres
sure apparently Of long cotton, and
afterward made a small recovery.
Spots were moro active, principally for
export"
The Manchester Guardian, in Its
comm sroisl article Of the 10:h, says:
Business has bsen moderate. The
market IL quiet, though sellers In want
Of orders can easily obtain them with.
out much concession. The impress
sion prevails throughout the market
tina. buyers both here and abroad are
acting as II they anticipated lower
prices. their hopes being founded on
the prospect Of q large American cot.
ton crop. Producers, however, conf
dent Of their power to retain what.
ever advantage Is possible In the de-
cline Of cotton. aud seeing that the
margin is yet Improbable. will not en-
ter Into long engagements which are
not covered by immediate profit
There 10 poor inquiry for export
yarns, although but few spinnsrs have
been sold 4 fair q7sntity OF India,
and China has been disposed OF at
Fhday's rates. Home manufacturers
have bought little mere freely since
Friday, the low offers then made hay-
Ing been subsequently aviled OF.
They are not now al excuse 10 extend
their purchases. The cloth market Ia
quiet. Iodia and China staples are
little sought for. Some moderate or.
derB for shirtings have been put
through At Fridays lowest rates. In
some cases offers then refused are now
accepted. I7dis 6ne and fancy, rough
fairly steldy, are occ eiopally easier.
High reed prin ing goods are steady
and quiet. Heavy goods are slightly
easier. Sales have been fairly numer.
Gus, bat do not make a large total.
InPJRTs.
-Four Hundred and for,y.eipht axis
bran, 700 rolls bagginz, 1872 pkgs
bacon, l248 pkgs boots and shoes, 500
bu corn. 800 eks aud car cotton seed,
$500 bds cotton tee. l26 pkgs dry
goods, 81 pkps egss, $50 brls flour, 4s5
bales bay, 90 pkgs bats, 20 bead horses
asd mules, l45 pkgs lard, SO 600 feet
lumber, lsO Pike liquore, l car lime.
1000 bu osis, 3 cars PORK rides, l5j brls
sugar. 800 pkss tobacco, 2i00 bu
wheat.